Regal Automobiles have once again announced a hike in the price of Prince Pearl and DFSK Glory 580 Pro in Pakistan this month, which will be effective from starting 21st February 2023.
The price hike comes after the Federal Government raised General Sales Tax (GST) from 17% to 18% on standard products, while luxury products will be charged 25% GST.
Read more: Govt Increases Taxes on Cars in Mini Budget.
DFSK Glory 580 Pro Price in Pakistan
According to the company, the price of DFSK Glory 580 Pro in Pakistan has been increased to Rs. 6,500,000 from the old rate of Rs. 6,200,000 after a hike of Rs. 300,000.
Prince Pearl Price in Pakistan
Meanwhile, the price of Prince Pearl 800cc in Pakistan is now Rs. 1,990,000 from the old rate of Rs. 1,700,000 after a hike of Rs. 290,000.
K-07 and K-01 Prices
The price of DFSK K07 Hamsafar is now Rs. 2,669,000 from the old rate of Rs. 2,469,000 after a hike of Rs. 200,000, while the price of K01 Pickup has been raised to Rs. 2,070,000 from the previous price of Rs. 1,970,000 by Rs. 100,000.
It is pertinent to mention that the economic crisis has made business for the automotive companies extremely difficult, but companies are still citing devaluation of currency as the cause of hikes, while the Pakistani Rupee has appreciated against the US Dollar (USD to PKR) during the last few business days.
If you want to check out the latest prices of vehicles, please refer to our automotive section.